Jesse Norman: It is a privilege to return to the Dispatch Box for the third time in two days, and I can only pay tribute to  your fortitude and resilience in being in the Chair for much of the time I have been at the Dispatch Box, Madam Deputy Speaker. I am opening this debate on behalf of the Government and I would like to pay tribute now to the right hon. Member for Islington North (Jeremy Corbyn), in case this is his last appearance at the Dispatch Box as Leader of the Opposition. May I also associate myself with the very warm comments that he and others have made about Tristan Garel-Jones, who was widely loved and admired across this House?
I thank the Opposition and the leadership of the other political parties for their constructive and supportive approach over the past few weeks, which is reflected across the House. Truly, these are extraordinary times. Our country has not faced a threat of this magnitude since the second world war. It is astonishing to think that it was just two weeks ago today that my right hon. Friend the Chancellor of the Exchequer delivered his first Budget, standing at this Dispatch Box. I can say from direct personal experience that the Chancellor, Her Majesty’s Treasury and Her Majesty’s Revenue and Customs officials have worked around the clock before and since that time. Their single goal has been to do whatever it takes to support the British people at a time of crisis.
That Budget laid the foundations for a coherent, comprehensive and co-ordinated plan to limit, mitigate and address the impact of coronavirus, with a £12 billion package of support for public services, businesses and individuals. It was an unprecedented intervention by this or any recent Government, yet it has proved to be—and how—merely the first step. From the outset of the crisis, the Government have been clear that they are ready to do whatever it takes. Last week, we announced further support for businesses and individuals, including a £330 billion package of business loan guarantees. Only yesterday, I took through the House the Contingencies Fund Bill, which increased the cash-flow financing to Departments to £266 billion, pending the main estimates.

Jesse Norman: I am grateful to the hon. Lady for raising that point. I will look into the question of whether there should be any relation between business loans; I am certainly not aware of one myself. It ought to be possible for people to claim business loans as she has described. As regards the business interruption loan scheme, borrowers are not required to pledge their house, but there may be some requirement for personal guarantees of other kinds, which is what one would expect, and which will open up lending in other ways. The Financial Secretary is very engaged on this issue. There are 40 lenders involved, so ironing out the guidance with all of them, to ensure a consistent picture, has not been the most straightforward thing one could imagine.

Jesse Norman: I cannot comment, obviously, on the specific circumstances that the hon. Gentleman describes, but I can certainly say that the Financial Secretary to  the Treasury is working very closely with the banks to make sure that no business is forced to close as a result of coronavirus.